As part of the transaction, Inmobiliaria Carso and Control Empresarial de Capitales, both of which are América Móvil’s shareholders, will acquire from AT&T International, Inc. 5,739,341,928 Series “AA” shares representing 23.81 percent of America Movil's voting stock.

Upon consummation of the transaction authorized today by the Board of Directors, AT&T will no longer be a shareholder of América Móvil.

The cash from the deal will go towards funding AT&T's acquistion of DirecTV. The carrier agreed back in May to buy the satellite TV provider for $48.5 billion, or $95 per share.